Treasury market has worst day in months after Trump threatens European allies with tariffs related to Greenland
MarketWatch • • business
Key Points:
- Long-dated U.S. government debt experienced a significant selloff on Tuesday due to investor concerns over President Donald Trump's plan to impose 10% tariffs on imports from eight European countries starting next month.
- The 10-year Treasury yield rose by as much as 8.1 basis points to an intraday high of 4.31%, settling at a five-month peak of 4.29%.
- The 30-year Treasury bond saw its largest one-day selloff since July 11, with yields climbing up to 11.2 basis points to an intraday high of 4.95%, closing at a more-than-four-month high of 4.92%.
- The rise in yields indicates aggressive selling pressure in
